The BASF SE Annual Meeting on April 24, 2008 resolved a two-for-one stock split. Shareholders will receive an additional BASF share for each existing share at no added cost. The reorganization of the securities deposit accounts and the stock exchange listing will take place on June 27, 2008.
The aim of the stock split is to make BASF shares available to an even broader spectrum of investors.
Shares held in the form of American Depositary Receipts in the United States will be adjusted accordingly.
In the course of the stock split, circulating share certificates which have become obsolete because they still bear the name of "BASF Aktiengesellschaft" will be canceled and exchanged for shares exclusively held within the collective securities deposit system. Individual and collective certificates can be surrendered to an exchange agent or any other credit institution in the period from June 27 to September 30, 2008 in exchange for credit entries in collective securities deposit accounts. The exchange agents in Germany are all branches of Deutsche Bank AG.
The aim of the stock split is to make BASF shares available to an even broader spectrum of investors.
Shares held in the form of American Depositary Receipts in the United States will be adjusted accordingly.
In the course of the stock split, circulating share certificates which have become obsolete because they still bear the name of "BASF Aktiengesellschaft" will be canceled and exchanged for shares exclusively held within the collective securities deposit system. Individual and collective certificates can be surrendered to an exchange agent or any other credit institution in the period from June 27 to September 30, 2008 in exchange for credit entries in collective securities deposit accounts. The exchange agents in Germany are all branches of Deutsche Bank AG.
